Janus Henderson Group PLC Has $56.95 Million Stake in Occidental Petroleum Corporation (OXY)
Janus Henderson Group PLC grew its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 82.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 886,988 shares of the oil and gas producer’s stock after purchasing an additional 401,102 shares during the period. Janus Henderson Group PLC owned about 0.12% of Occidental Petroleum worth $56,951,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbour Capital Advisors LLC raised its position in Occidental Petroleum by 5,486.8% during the second quarter. Harbour Capital Advisors LLC now owns 238,223 shares of the oil and gas producer’s stock valued at $3,979,000 after buying an additional 233,959 shares during the period. Flossbach Von Storch AG raised its position in Occidental Petroleum by 179.7% during the second quarter. Flossbach Von Storch AG now owns 1,765,645 shares of the oil and gas producer’s stock valued at $105,709,000 after buying an additional 1,134,445 shares during the period. Janney Montgomery Scott LLC raised its position in Occidental Petroleum by 8.2% during the second quarter. Janney Montgomery Scott LLC now owns 109,095 shares of the oil and gas producer’s stock valued at $6,532,000 after buying an additional 8,282 shares during the period. Great West Life Assurance Co. Can raised its position in Occidental Petroleum by 0.5% during the second quarter. Great West Life Assurance Co. Can now owns 1,570,269 shares of the oil and gas producer’s stock valued at $93,877,000 after buying an additional 8,383 shares during the period. Finally, Rothschild Asset Management Inc. acquired a new position in Occidental Petroleum during the second quarter valued at $581,000. 80.34% of the stock is owned by institutional investors and hedge funds.
Occidental Petroleum Corporation (OXY) opened at $70.62 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.11. The company has a market capitalization of $54,041.61, a PE ratio of 201.77, a PEG ratio of 14.22 and a beta of 0.65. Occidental Petroleum Corporation has a fifty-two week low of $57.20 and a fifty-two week high of $73.51.
Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.15) EPS. analysts expect that Occidental Petroleum Corporation will post 0.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum’s dividend payout ratio is 440.00%.
Several research analysts recently weighed in on OXY shares. Cowen reissued a “buy” rating and set a $80.00 price target on shares of Occidental Petroleum in a research report on Thursday, September 28th. Bank of America upped their price target on Occidental Petroleum from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Goldman Sachs Group raised Occidental Petroleum from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Morgan Stanley upped their price target on Occidental Petroleum from $62.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Finally, Jefferies Group upped their price target on Occidental Petroleum from $62.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $65.43.
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Occidental Petroleum Profile
Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.
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